May 26, 2016
Buyer strikes twice in Beaumont; sold 360-unit West End Lodge
BEAUMONT - BSR Trust LLC has completed an acquisition of the West End Lodge apartment homes at 4215 N Major Dr.The purchase of West End Lodge marks the second acquisition BSR...
BEAUMONT – BSR Trust LLC has completed an acquisition of the West End Lodge apartment homes at 4215 N Major Dr.
The purchase of West End Lodge marks the second acquisition BSR Trust LLC has made in the Beaumont market in under a year after the addition of The Pointe Apartments in July 2015.
West End Lodge was built in 2007 and contains 360 residences in an even mix of one-bedroom and two-bedroom floorplans.
Rents range from $1,019 for a one-bedroom unit to $1,259 for a two-bedroom unit.
"West End Lodge is the premier apartment community in Beaumont, and we are proud to expand our operations there," said Daniel Oberste, chief investment officer of BSR Trust.
"Our experience in Beaumont makes us confident this is a great place to grow. The purchase of West End Lodge is also an indicator of the strategic direction BSR has taken to grow our market-rate based portfolio,” Oberste said.
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